For Sale
$3,800,000

2424 40Th Ave Moline, IL 61265

Six-building complex, high rental income

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a portfolio of six multifamily buildings located in Moline, Illinois, encompassing a total of approximately 32,480 to 40,000 square feet. Built in 1977, these properties are situated across multiple addresses in Moline and Silvis, within Rock Island County, and boast a combined substantial rental income, generating nearly $370,000 in gross revenue in 2023. The portfolio includes a mix of commercial and residential spaces, offering diverse income streams. The properties have seen a significant increase in occupancy rates under the current ownership. Furthermore, these well-maintained buildings represent a compelling investment prospect for those seeking a stable and profitable multifamily portfolio in a desirable location. The asking price for this entire portfolio is $3,800,000. The properties are offered for sale by owner. Specific addresses include 2424 40th Ave, 3902 25th St, 4002 25th St, 4004 25th St, 4006 25th St in Moline, and 729 11th St in Silvis, all within zip codes 61265 and 61282.

Highlights

  • Six-building multifamily portfolio in Moline & Silvis, IL, totaling approximately 32,480-40,000 square feet.
  • Built in 1977, generating nearly $370,000 gross annual revenue (2023).
  • Mixed-use properties offering diverse income streams.
  • High occupancy rates and well-maintained buildings.
  • Asking price: $3,800,000.
  • Offered by owner.

Property Details for 2424 40Th Ave

Property type
Mixed-use properties, Apartment buildings
Square Feet
32,480 SF
Year Built
1977
Buildings
6

Location Insight

City
Moline
County
Rock Island
State
Illinois
Latitude
41.4718198
Longitude
-90.5028231

FAQs

What type of property is this?
Mixed-use property - Six-building complex, high rental income
Where is the mixed-use property located?
The property is located at 2424 40Th Ave Moline, IL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Six-building multifamily portfolio in Moline & Silvis, IL, totaling approximately 32,480-40,000 square feet.; Built in 1977, generating nearly $370,000 gross annual revenue (2023).; Mixed-use properties offering diverse income streams.
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2424 40Th Ave
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